Vanguard Personalized Indexing Management LLC Has $1.06 Million Stock Position in Service Co. International (NYSE:SCI)

Vanguard Personalized Indexing Management LLC reduced its stake in Service Co. International (NYSE:SCI) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,207 shares of the company’s stock after selling 711 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Service Co. International were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. TFO Wealth Partners LLC grew its position in Service Co. International by 12,200.0% in the fourth quarter. TFO Wealth Partners LLC now owns 369 shares of the company’s stock valued at $25,000 after acquiring an additional 366 shares during the period. nVerses Capital LLC grew its holdings in shares of Service Co. International by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of Service Co. International in the 1st quarter worth about $31,000. Whittier Trust Co. increased its position in shares of Service Co. International by 406.5% during the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock worth $40,000 after purchasing an additional 435 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in Service Co. International during the 4th quarter valued at about $42,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Service Co. International Stock Performance

Shares of SCI opened at $79.50 on Tuesday. The stock’s fifty day simple moving average is $76.88 and its 200-day simple moving average is $73.34. The firm has a market capitalization of $11.58 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.84. Service Co. International has a 12-month low of $52.89 and a 12-month high of $81.32. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 3.05.

Service Co. International (NYSE:SCI) last released its earnings results on Wednesday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). Service Co. International had a net margin of 12.32% and a return on equity of 32.07%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts predict that Service Co. International will post 3.52 earnings per share for the current year.

Service Co. International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, September 13th. Service Co. International’s dividend payout ratio (DPR) is currently 34.48%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. StockNews.com cut shares of Service Co. International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Truist Financial raised their price target on Service Co. International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, June 21st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.60.

Insider Transactions at Service Co. International

In related news, Director Ellen Ochoa sold 2,642 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $76.41, for a total value of $201,875.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Ellen Ochoa sold 2,642 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $76.41, for a total transaction of $201,875.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas L. Ryan sold 80,638 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $73.97, for a total transaction of $5,964,792.86. Following the completion of the sale, the chief executive officer now owns 988,365 shares in the company, valued at $73,109,359.05. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

Service Co. International Company Profile

Service Corporation International provides deathcare products and services in the United States and Canada. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses. The company also provides professional services related to funerals and cremations, including the use of funeral home facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, cremation, memorialization, and travel protection, as well as catering services.